by VeloCap Media | May 1, 2013 | Law Updates, LU13
Document: In re Wayport Inc. Litig., Consol. C.A. No. 4167-VCL (Del. Ch. May 1, 2013) The Delaware Court of Chancery resolved a conflict in authority over the circumstances under which a director of a Delaware corporation owes a fiduciary duty to disclose material...
by VeloCap Media | Apr 30, 2013 | Law Updates, LU13
Document: Blaustein v. Lord Baltimore Capital Corp., C.A. No. 6685-VCN (Del. Ch. Apr. 30, 2013) The Court considered the extent to which the implied covenant of good faith and fair dealing could be used by a stockholder in a closely-held, Delaware corporation to force...
by VeloCap Media | Apr 25, 2013 | Law Updates, LU13
Document: George Rich, Jr. v. Yu Kwai Chong, et al., C.A. No. 7616-VCG (Del. Ch. Apr. 25, 2013) The Delaware Court of Chancery denied defendant directors’ motion to dismiss plaintiffs’ claims that the directors breached their fiduciary duties under...
by VeloCap Media | Mar 8, 2013 | Law Updates, LU13
Document: Kallick v. Sandridge Energy, Inc., C.A. No. 8182-CS (Del. Ch. Mar. 8, 2013) The Delaware Court of Chancery enjoined an incumbent board from impeding a proxy contest until the board approved the dissent slate for purposes of a change in control provision in...
by VeloCap Media | Feb 25, 2013 | Law Updates, LU13
Document: In Re BioClinica, Inc. Shareholder Litig., C.A. No. 8272-VCG (Del. Ch. Feb. 25, 2013) The Delaware Court of Chancery declined to expedite plaintiffs’ claims that the board of directors of BioClinica, Inc. (“BioClinica”) breached its...
by VeloCap Media | Feb 22, 2013 | Law Updates, LU13
Document: Meso Scale Diagnostics, LLC v. Roche Diagnostics GMBH, C.A. No. 5589–VCP (Del. Ch. Feb. 22, 2013) The Delaware Court of Chancery rejected plaintiffs’ claim that the surviving corporation to a merger breached an anti-assignment clause in a licensing...
